Ingka Group, owner of most IKEA stores, buys 49% stake in three Swedish wind power projects

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Ingka Group, owner of most IKEA stores, buys 49% stake in three Swedish wind power projects
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Ingka Investments, the investment arm of Ingka Group, said the early-stage projects have the potential to reach a total installed capacity of 9,000 megawatts

Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49 per cent stake in three wind development projects offshore Sweden from renewables development company OX2 for €58-million .

“The projects have the potential to produce up to 38 TWh combined, once operational, corresponding to more than 25 per cent of the electricity consumed in Sweden 2021,” it said.

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